Moat is a leading housing association working in the South East of England

Showing 3 properties

1
Available

Farley Road

Gravesend, Kent, DA12 2LT
  • Type: House

  • Bedrooms: 2

  • Share price from: £159,000

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2
Available

Moat at Springhead Park

Ebbsfleet Garden City, Ebbsfleet, Kent
  • Type: Apartments, Houses

  • Bedrooms: 1, 2, 4

  • Share price from: £64,500

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3
Under Offer

Vancouver House

Gravesend, Kent, DA12 5BY
  • Type: Apartment

  • Bedrooms: 1

  • Share price from: £122,500

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A collection of one and two bedroom properties in Gravesend

At Moat, we try to provide everyone with the opportunity to become homeowners. These houses, available in Gravesend, Kent are part of Ebbsfleet Garden City’s new Springhead Park development. They boast a fantastic interior specification and are available to buy on a shared ownership basis!

Gravesend offers a wide variety of amenities, including supermarkets, pubs, restaurants and picturesque parks, such as Woodlands Park and The Warren, which are easily accessible to residents of Springhead Park. Ebbsfleet International is also closeby, providing fast connections to London, plus Eurostar services, giving you easy access to Europe.

Shared ownership, otherwise known as part buy part rent, is one of the most affordable home ownership options available. It is particularly helpful for first-time buyers, providing a realistic option to get on the property ladder.

Shared ownership

The goverment-backed shared ownership scheme is one of the most affordable, flexible ways of getting on the property ladder.  Shares of a new home can be bought, typically between 25% and 75%, with subsidised rent being paid to the housing association on the remaining share. If you are unable to buy a home outright or afford a deposit on a full mortgage, shared ownership homes are the ideal option. 

Is shared ownership for me?

If you are unable to afford the full deposit or monthly repayments then yes this scheme is for you. There are a few stipulations though, namely, you cannot currently own a property, you need to have a household income of more than £80k per annum. You should also be prepared for the costs involved with buying a home and for this we recommend you have around £4000. This is currently the best route that enable people to enter onto the property ladder.

Staircasing

With a shared ownership property, it is possible over time to buy more of your home, this process is known as staircasing.  Everytime you wish to buy a larger share of your property, you can buy as little as 10% per transaction, which is bought at the current market value, however most people tend to buy larger shares during a staircasing transaction. The full staircasing process is limited to three transactions in total, once you reach 100% shares, you will be the sole owner of your own home. As you own the property outright, from this point onwards rent will no longer be payable. 

Moat
Homes and Communities Agency
Mayor Of London
Help To Buy